Off the shelf companies are corporate entities that have been established by a provider, who holds the company until a purchaser is found. Post transaction, the ownership of the company transfers from the provider to the third party, who then commences trading activity under the company name. The benefits of purchasing an off the shelf company includes:
- To the time it would take to create a new corporation
- To allow contract bidding (some jurisdictions require a fixed business age to allow this functionality)
- To create the appearance of corporate longevity
Ready-Made companies are no longer available in Ireland, companies are incorporated which are intended for immediate commercial use
Established companies
All our ready-made companies were incorporated then filed non trading/dormant accounts every year together with the annual returns. They are available immediately and fully inclusive of all documentation.
- Normal general commercial trading purposes
- Suits the majority of requirements in Ireland
- Can undertake any nature of business
- Can operate anywhere in the world
- Can undertake any nature of business
- Registration number immediately available
- Recent changes to corporation tax make limited companies advantageous to most businesses
- Members have limited liability Only two directors required Single shareholder allowed – single member company
Often called ready-made or off the shelf, these are companies which have already been incorporated, but have carried on no activity whatsoever. We carry a stock of such companies. The companies are incorporated with neutral names, wide objects, standard articles, an authorised share capital of £100,000 and an issued share capital of £100. This allows you to issue shares so that one of the shareholders can have a majority controlling interest if required, or multiple shareholders. After signatures on the official forms by the new directors and secretary in which they consent to act, and notify us of the new registered office address, the ready-made company is transferred over. As a private company, it is ready to trade immediately.
Why should you purchase a Shelf Company?
Established companies are guaranteed to be clear of any debts or liabilities. You may need an aged corporation for the following reasons:
- Corporate image is enhanced with age
- Building corporate credit is easier with age
- Establishing a history for your business
- Bidding contracts at times require a certain age to your corporation
- Obtaining bank loans is easier when you can show you have history, the age is what matters most
- Obtaining corporate credit cards and leases. For example, some computer companies lease only to corporations 12 months old or more